Cravatex Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 379.04 million compared to INR 870.96 million a year ago. Revenue was INR 437.23 million compared to INR 894.14 million a year ago. Net income was INR 7.88 million compared to INR 853.84 million a year ago. Basic earnings per share from continuing operations was INR 3.05 compared to INR 330.42 a year ago. Diluted earnings per share from continuing operations was INR 3.05 compared to INR 330.42 a year ago.
For the nine months, sales was INR 1,519.53 million compared to INR 4,199.17 million a year ago. Revenue was INR 1,653.75 million compared to INR 4,262.55 million a year ago. Net income was INR 43.23 million compared to INR 550.96 million a year ago. Basic earnings per share from continuing operations was INR 16.73 compared to INR 213.21 a year ago. Diluted earnings per share from continuing operations was INR 16.73 compared to INR 213.21 a year ago.